HKScan Oyj

M&A Activity • Apr 21, 2008

Disclosure 257972

HKScan Oyj - Company Announcement

SCAN TO STREAMLINE SLAUGHTERING BUSINESS IN SWEDEN

HKScan Corporation STOCK EXCHANGE RELEASE 21 April 2008 at 3.15pm SCAN TO STREAMLINE SLAUGHTERING BUSINESS IN SWEDEN Scan AB plans to transfer its slaughtering operations from its Uppsala production plant to the plants in Linköping and Skara and to associated company Siljans Chark AB in a bid to streamline the operations and acclimatise to future requirements. The move in Uppsala will affect a total of 35 jobs, on which statutory employer-employee negotiations were started today. In addition to the slaughterhouse, the Uppsala plant houses consumer-packaged meats production and a distribution terminal, both of which will carry on as before. As meat production declines and competition steps up in Sweden, Scan finds it necessary to cut costs in the slaughtering business. The transfers will enhance the utilisation rate of existing capacity and optimise deliveries. Scan AB is a subsidiary of HKScan Corporation and it is responsible for the Group's business activities in Sweden. HKScan Corporation Kai Seikku CEO Further information: - CEO Kai Seikku, HKScan Corporation. Please leave any messages for him to call with Katja Backman on +358 (0)10 570 2428 - Managing Director Magnus Lagergren, Scan AB, tel. +46 70 255 5235 DISTRIBUTION: OMX Nordic Exchange Main media www.hkscan.com